Yen Falls After BOJ Rate Hike as Oil Extends Slide

The Bank of Japan raised its benchmark interest rate in a split decision showing dissent within the board. The yen extended its drop against the dollar after BOJ Governor Kazuo Ueda gave mixed signals about future rate hikes. Oil dropped for a third day, with traders looking to the next round of diplomacy that’ll shape the US-Iran war as supply concerns eased. In the Middle East, Saudi Arabia has moved to restore the damaged East-West pipeline to its Red Sea coast, aiming to return about half its capacity within days.  Russia took control of the local businesses of Swiss food giant Nestlé and French supermarket chain Auchan in the Kremlin’s largest takeover of foreign corporate assets since at least 2024 amid rising tensions with Europe. Today's guests: Carlos Cuerpo, Spanish Minister of Economy, Trade & Enterprise & Deputy Prime Minister; Alessia Berardi, Amundi Investment Institute, Head of Global Macroeconomics and Emerging Markets Strategy; Sayuri Shirai, Keio University Economics Professor & former Bank of Japan Policy Board Member; Martijn Rats, Morgan Stanley, Chief Commodities Strategist --- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse with Francine Lacqua 00:00:25 - European finance minister, central bankers in Dublin 00:00:46 - EXCLUSIVE: Carlos Cuerpo, Spanish Minister of Economy, Trade & Enterprise & Deputy Prime Minister 00:10:37 - Alessia Berardi, Amundi Investment Institute, Head of Global Macroeconomics and Emerging Markets Strategy 00:16:29 - Sayuri Shirai, Keio University Economics Professor & former Bank of Japan Policy Board Member 00:23:50 - Friday headlines 00:24:52 - Martijn Rats, Morgan Stanley, Chief Commodities Strategist 00:31:48 - Nestle assesses options after Russia decree 00:34:36 - Merz wins backing from German Premier 00:38:21 - How China is changing the AI game 00:40:19 - Trump turns focus to midterms -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts